EU Court Upholds €218.8M Fine For Graphite Cartel

Law360, New York (October 8, 2008, 12:00 AM EDT) -- The European Commission has hailed a court decision to uphold the massive fines levied against three graphite electrode makers accused of involvement in an industrywide cartel that operated for 10 years.

Europe's Court of First Instance on Wednesday dismissed the three appeals brought by Germany's SGL Carbon AG and Schunk GmbH, and France's Le Carbone Lorraine SA, which challenged the penalties handed down by the commission in December, 2003.

The companies were accused of involvement in a six-member cartel that was fined a total of €218.8...
To view the full article, register now.